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Treasury Auction

2-Year Note

March 25, 2024

C+

Key Metrics

Offered

$66B

Bid-to-Cover

2.62

44th percentile

High Yield

4.595%

Tail

+0.5bp

62th pct (higher=worse)

Indirect

65.8%

72th percentile

Dealer

13.4%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
February 26, 20242.49+2.1bp65.2%D+
January 24, 20243.61bp83.5%A+
January 23, 20242.57-0.5bp65.3%C
December 26, 20232.68bp61.9%C
November 27, 20232.54-3.3bp57.4%D+

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History